Joseph Morelle actually said...

CDSs are, in fact, a species of insurance, and naked swaps are more akin to gaming than insurance since they lack insurable interest.

the goals of this draft bill would be best realized and enacted by the states; whether the CFMA was overbroad in its intent and application

I am pleased to be here today on behalf of NCOIL to discuss draft legislation titled the 'Derivatives Markets Transparency and Accountabilit...

I think we agree that a group of states together in either compact or with model legislation would come up with a national standard that cou...